KuCoin Enhances Security and Compliance with Mandatory KYC, Boosting User Experience and Trust

.kucoincom $KCS crypto exchange introduces compulsory KYC on July 15: What to know KuCoin

KYC verification, a standard practice in the financial industry, involves the collection and verification of personal information from users to confirm their identities. By implementing these measures as mandatory , KuCoin aims to create a more secure and transparent trading environment while adhering to global regulatory standards.

Johnny Lyu, CEO of KuCoin, explained the motivation behind the implementation of new user authorization principles and assured that this step will advance the level of services and security offered by his product: Those users who registered before July 15, 2023, and are not ready to pass KYC checks, will have limited services available on KuCoin. Namely, they will be able to access spot trading sell orders, futures trading deleveraging, margin trading deleveraging, KuCoin Earn redemption, as well as ETF redemption. At the same time, withdrawal operations will be unaffected even for non-KYC accounts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto exchange KuCoin is introducing mandatory KYC for all usersCrypto exchange KuCoin is introducing mandatory know-your-customer (KYC) procedures for all clients starting July 15.
Read more »

KuCoin crypto exchange to introduce mandatory KYC in JulyKuCoin exchange is preparing to introduce new KYC checks on its platform starting from July 15, banning new non-KYC users from access to services.
Read more »

Rewilding of laboratory mice enhances granulopoiesis and immunity through intestinal fungal colonizationExposure to fungi can help sterile laboratory mice better model specific features of the human immune system, finds new research in SciImmunology.
Read more »

How security, education and regulation can mitigate rising crypto scamsAccording to one security expert, from the early days of the internet to the rise of email, new tech has always been targeted for exploitation.
Read more »

Shoppers Must Pass Security Gate to Enter San Francisco Grocery StoreA San Francisco grocery store beefed up its security measures to deter shoplifters, as the city sees a spike in smash-and-go robberies
Read more »